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प्रश्न
What is meant by expansion of demand?
उत्तर
When the quantity demanded of a commodity rises due to a fall in its price, keeping other factors constant, it is called expansion of demand or increase in quantity demanded. Here a larger quantity is purchased due to fall in the price.
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संबंधित प्रश्न
Outline the steps taken in deriving Consumption Curve from the Saving Curve. Use diagram.
Answer the following question.
Differentiate between the extension of demand and an increase in demand, using diagrams.
Explain the following condition:
Movement along the same indifference curve.
From the set of events/systems given in column A and the corresponding relevant fact given in column B, about China, choose the correct pair of statements:
| column A | column B |
| (1) Shift in the Demand Curve | (a) Increase in quantity demanded |
| (2) Movement along the demand curve | (b) Increase in price |
| (3) Shift in the Demand Curve | (c) Decrease in price |
| (4) Movement along the demand curve | (d) Snob effect |
What does an upward movement along the same demand curve indicate?
Match the following and select the correct option.
| Column A | Column B | ||
| (i) | Extention of demand | A. | Prices are expected to rise in future |
| (ii) | Decrease in demand | B. | Rise in price |
| (iii) | Contraction of demand | C. | Prices are expected to fall in future |
| (iv) | Increase in demand | D. | Fall in prices |
| Price in (₹) | Quantity demanded (units) |
| 20 | 100 |
| 25 | 70 |
The above example represents a situation of ______.
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What causes a downward movement along a demand curve?
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